Assume Pepsi has a holding period return of 25% over the past 3 years and Coca-Cola has a Holding Period Return of 13% over the past 2 years. Which company would have been a better investment and why?

		Pepsi, because it has a higher annualized return
		Pepsi, because it has a higher holding period return
		Coca-Cola, because it has a higher holding period return
		Coca-Cola, because it has a higher annualized return